Plan Snapshot
- Plan Sponsor: Tennant Company
- Sponsor EIN: 410572550
- Sponsor Address: 10400 CLEAN STREET, EDEN PRAIRIE, MN, 55344
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,938
- Total Assets: $486.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,938 | $486.4M | $0 | $0 |
| 2024 | 2,003 | $450.2M | $10.0M | $16.7M |
| 2023 | 1,889 | $421.2M | $8.9M | $15.0M |
| 2022 | 1,777 | $373.3M | $5.9M | $14.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $193,465 | — | $193,465 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $133,308 | — | $133,308 |
| EIDE BAILLY LLP | Auditor | $36,803 | — | $36,803 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $363,576
- Estimated Expense Ratio: 0.075% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $58,721,396 | $193,465 | $2,100 | $36,803 | — |
| 2024 | $323,717 | $189,157 | $600 | $33,000 | — |
| 2023 | $303,060 | $177,477 | $2,400 | $32,682 | — |
| 2022 | $310,012 | $163,166 | — | — | — |